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[BRIEFING.COM] Recent action saw the S&P 500 (+0.4%) back away from its session high with Fed Chair Yellen now taking questions from the assembled media.

During her press conference, Chair Yellen said today's policy directive was meant to convey no changes to Fed's policy stance. With regards to inflation, Ms. Yellen said inflation has firmed since the start of the year, but is still running below objective with a gradual move towards objective expected to continue.

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